Maximum 401k Contribution 2024 Over 60

Maximum 401k Contribution 2024 Over 60. The 2024 contribution limit for 401(k) plans is $23,000, up from $22,500 in 2023. The contribution limits for individual retirement accounts (iras) also increases from $6,500 to $7,000.

The 401(k) contribution limit for 2024 is $23,000 for employee contributions, and $69,000 for the combined employee and employer contributions. For 2024, the limit for 401(k) plan contributions is $23,000, up from $22,500 last year, according to the irs.